GBP to USD Exchange Rate Struggles to Sustain Recovery as Investors Look to Safe Havens
December 22, 2020 - Written by John Cameron Despite reports of a new strain of the coronavirus in Britain, the British Pound to US Dollar (GBP/USD) exchange rate has been recovering from its worst levels on a combination of Brexit hopes and UK data today. However, the US Dollar’s own fortunes are reversing after weeks of poor performance, as markets start to look for safer investments due to this latest coronavirus panic. Since opening this week at the level of 1.3521, GBP/USD has been trending with a downside bias. Yesterday, GBP/USD touched on a low of 1.3193 - not too far from the pair...
Source: currencynews.co.uk